Evaluate company''s cash management activities during year

Assignment Help Finance Basics
Reference no: EM131418580

From the following transactions, prepare a statement of cash flows for Emory Inc. in the proper form. The company began the year with a cash balance of $25,000. Describe and evaluate the company's cash management activities during the year.

1. Borrowed $30,000 from a bank, signing a long-term note.

2. Performed services for $45,000, receiving $40,000 in cash and a $5,000 receivable.

3. Incurred expenses of $34,000; paid $23,000 in cash and $11,000 is still payable.

4. Purchased equipment for $28,000; paid $23,000 in cash and signed a long-term note payable for the remainder.

5. Paid the shareholders a dividend in an amount that ensured an ending cash balance of $25,000.

Reference no: EM131418580

Questions Cloud

Colloquial language in writing : You are to define the phrases: Colloquial language in writing, Declarative statements in writing, paraphrasing, and Formal language in writing. Provide a short summary discussing each phrase or term (two to three paragraphs for each) and provide an e..
What did george do that may have concerned the bank : Prepare an income statement, a statement of shareholders' equity, a balance sheet, and statement of cash flows for the period. What did George do that may have concerned the bank? Explain.
What is the probability that you win the tv : What's the probability that the first person in line wins the TV?- You are the third person in line. What's the probability that you win the TV?
What sd has paid for the stone : What SD has paid for the stone? The sales team will want to prepare a sales order for existing customers and sell only diamonds that are in inventory.
Evaluate company''s cash management activities during year : From the following transactions, prepare a statement of cash flows for Emory Inc. in the proper form. The company began the year with a cash balance of $25,000. Describe and evaluate the company's cash management activities during the year.
Explain do you agree in given condition : The candidate then attacks the incumbent mayor, saying that there is an unusually low level of homeownership in the city. Do you agree? Explain.
Estimate the companys expected profit : The company charges an annual premium of $520. Estimate the companys expected profit on such policies if mortality tables indicate that only 2.6% of women age 65 die within a year.
Responsibilities of the human resources manager : Interview the Human Resources Manager for your department or for a department which you are interested. Find out about their job, what education prepared them for the position, and the key elements of their position.
Utilizing an interest based bargaining strategy : Sam expressed his concern that Mark had not fulfilled his promise from six months ago. Although the conversation remained civil, both Tim and Mark stood their ground. Briefly describe how you would help Tim resolve this matter utilizing an interes..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd